Why do companies have an allowance for doubtful debts?
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Why do companies have an allowance for doubtful debts?
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Companies establish an allowance for doubtful debts also known as an allowance for bad debts or provision for doubtful accounts to account for the possibility that some customers may not be able to pa...View the full answer
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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